Property taxes within the UK have seen several changes over the years. Whether this is Income Tax for residential property landlords, as a restriction to interest relief or changes to wear and tear allowance, Stamp Duty Land Tax (“SDLT”) for acquisitions of residential property by individuals and corporate entities or Capital Gains Tax (“CGT”). This overview summarises the recent CGT changes and those that have been pre-announced for the forthcoming years.
A recent survey has revealed that manufacturers panic stockpiled in March, as the UK headed towards a possible no-deal Brexit, it was this stockpiling activity that saw a 13-month high for the sector.
Manufacturers’ concerns regarding imports and exports being held up at the UK border led to raw materials and finished goods being purchased at the fastest monthly rate of any G7 country since 1992. This was all designed to create “buffer stocks” in their warehouses.
A change to the way contractors in the supply chain will account for VAT comes into effect on 1 October 2019. These new rules represent a significant change as they will remove the current requirement for VAT to be charged on sales invoices from one contractor to another.
We are delighted to once again be sponsoring the Shipley Arts Festival, one of the UK’s most highly respected classical music festivals. Now celebrating this 14th year, the festival brings world class classical music acts to Sussex.
As the requirements on financial reporting for academy trusts increase, many trusts are now producing reports on information they have no previous experience of and hence no templates to follow. Of course, following a template is not always the best model but it can sometimes help as a useful starting point.
On Friday 22 March, Gem Hutchinson, Anneka Griffiths, Alan Emery and Dan Firmager from our Chatham office volunteered for a day at Slough Fort as part of our new volunteering initiative. All members of staff can take a full paid day out of work to volunteer for a local charity of their choice.
We are delighted to be supporting a Young Professionals event organised by PDT solicitors on Thursday 11 April from 6.00 pm. The theme for this event is ‘Wellbeing', with talks from professionals from PDT Solicitors and our partner, Sarah Ediss.
Today Michael Izza, ICAEW Chief Executive, visited our Horsham office to talk about changes in the profession, digitalisation, legal services, Anti Money Laundering, Making Tax Digital (MTD), HMRC service levels and a range of other topical issues.